Vringo Inc VRNG surges on news of new technology for Nokia, Facebook

Posted on Tuesday, January 31st, 2012

Vringo Inc VRNG surges on newsShares of software provider Vringo Inc (AMEX: VRNG) were up as much as 35% from Mondays closing price of 1.16 after the company announced it has released a new version of Facetones™ customized for the latest mobile devices released by Nokia.

The Facetones app is integrated with Facebook and generates an automatic, visually exciting slideshow of photos displaying your friend’s face and other social content each time you communicate with that friend using your mobile device.  With Vringo’s latest version of Facetones , the application is now fully optimized for Nokia’s Symbian^3 operating system.

The free ad supported app has been a viral hit for Vringo and is closing in on one million downloads. VRNG monetizes this app using Google’s Admob mobile advertising service and it is currently generating 800,000- 900,000 ad impressions per day.

About Vringo

Vringo (AMEX: VRNG) is a provider of software platforms for mobile social and video applications. With its award-winning video ringtone application and other mobile software platforms – including Facetones™, Video Remix and Fan Loyalty – Vringo transforms the basic act of making and receiving mobile phone calls into a highly visual, social experience. Vringo’s video ringtone service enables users to create or take video, images and slideshows from virtually anywhere and turn it into their visual call signature. In a first for the mobile industry, Vringo has introduced its patented VringForward technology, which allows users to share video clips with friends with a simple call.  Vringo’s Facetones™ application creates an automated video slideshow using friends’ photos from social media web sites, which is played each time a user communicates with a friend using a mobile device. Vringo’s Video ReMix application, in partnership with music artists and brands, allows users to create their own music video by tapping on a Smartphone or tablet.  Lastly, Fan Loyalty is a platform that lets users interact, vote and communicate with contestants in reality TV series that it partners with, as well as downloading and setting clips from such shows as video ringtones. Vringo’s video ringtone application has been heralded by The New York Times as “the next big thing in ringtones” and USA Today said it has “to be seen to be believed.” For more information, visit: www.vringo.com

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